Valt Technology Services (LON:VALT) Upgraded at Berenberg Bank

Valt Technology Services (LON:VALT) was upgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research note issued on Thursday,London Stock Exchange reports. The brokerage currently has a GBX 6,400 price objective on the stock, up from their previous price objective of GBX 6,300. Berenberg Bank’s target price suggests a potential downside of 1.84% from the stock’s previous close.

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 6,500 target price on shares of Valt Technology Services in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 6,450.

Valt Technology Services Price Performance

Shares of VALT traded up GBX 120 during trading hours on Thursday, hitting GBX 6,520. 7,194,952 shares of the company were exchanged, compared to its average volume of 559,736. The company has a market capitalization of £17.12 billion and a PE ratio of 1.12. The firm has a fifty day simple moving average of GBX 6,946.03 and a 200-day simple moving average of GBX 5,940.98. Valt Technology Services has a one year low of GBX 2,670 and a one year high of GBX 8,800.

Valt Technology Services Company Profile

Valterra Platinum is one of the world’s leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. We operate world class, long-life mines and the industry’s most efficient processing assets, safely and responsibly mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions for our customers.